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22 June 2010

The Coalition's Emergency Budget

The Conservative Chancellor of the Exchequer gave his emergency budget speech in the House of Commons today, bounded on one side by the Liberal Democrat Deputy Prime Minister and on the other by the Liberal Democrat Chief Secretary to the Treasury, symbolic of the unfamiliar new Politics of Coalition Government.

The Budget contents were about as unpleasant as was expected, with the widely anticipated increase in VAT to 20% (to name but one item), but with a number of welcome ideas for reducing our dependency on out-of-control Welfare Benefits in some areas.

Harriet Harman, acting Leader of the Labour Party made a spirited response in a manner which made one ask why she herself was not a prospective candidate for the Leadership job to be settled in September. But I took issue with her cheap shots against the Liberal Democrats, because had we been given this Budget today by a 100% Conservative Government it would have been a lot more unpleasant than the one we got, tempered as it was in many instances by the influence of the Liberal Democrats within the Coalition.